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Biotech / Medical : Coherent (COHR) : Anyone else holding? -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (633)	9/2/1998 8:11:00 AM
From: JDN	Read Replies (1) \| Respond to of 788

Dear Doug: Just got back from vacation and found that many stocks have set multi year lows. Not a good time for most. Hopefully this will turn around but I think serious technical damage done to the small caps at least. Wish I could say something reassuring but for the near future dont see much good to say. JDN

To: Doug who wrote (633)	10/1/1998 12:27:00 PM
From: Thomas J Pittman	Read Replies (1) \| Respond to of 788

From briefing.............. Coherent Inc. (COHR) 9 1/4 -3/32: Preferred Capital Markets maintains "buy" rating and 12-18 month price target of $20 a share on designer and supplier of electro-optical systems and medical instruments as outlook remains unchanged despite weakness in two of its competitors; when the semiconductor industry eventually rebounds, up to 1000 excimer lasers could be shipped annually, with average selling prices of around $500,000; believes that the worst is over for Coherent and company on path to earnings growth..... J